Corporate Social Performance and Corporate Financial Performance: A Link for the Indian Firms

The present study addresses the issue of the relationship in the midst of Corporate Financial Performance (CFP) and Corporate Social performance (CSP) or Corporate Social Responsibility (CSR) in Indian connection under good management theory. The study utilized S&P ESG India Index as a substitute of CSP/CSR of Indian firms for the first time over the 2005-2011 periods. We outlined econometric models and controlled industry particular traits and performed Weighted Least Square technique for the investigation. General results show unbiased however unobtrusive negative connection between these which in the long run advises that if there would be any relationship, it would be negative.